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Overview of the Icelandic FX market

After having appreciated somewhat the first couple of days of April, the Icelandic króna has been slowly depreciating. At the end of day yesterday (4 June), the euro stood at 139.4, 4.5% higher than the lowest daily closing value in the first weeks of April (133.45). The CBI sold EUR 15m against the depreciation on 22 and 23 May. Otherwise, the CBI has stayed on the side-line.

Icelandic FX market - June 2019

 

Weekly bulletin - 02 June 2020 10:03 AM

Icelandic Economic Weekly: Tuesday 2 June 2020

The Icelandic economy contracted by 1.2% year-on-year in Q1. The CPI based on prices in May increased by 0.54% MoM, bringing the headline number to 2.6%. The trade balance and the current account balance were both slightly positive in Q1. The Treasury issued bonds in euros.


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Forsíða - 28 May 2020 04:41 PM

Landsbankinn lowers interest rates

Landsbankinn has recently established itself as the financial undertaking that offers the most competitive lending rates in Iceland. Since the Central Bank of Iceland embarked on the current rate-cutting programme, Landsbankinn has generally lowered lending rates more than deposit rates.


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Forsíða - 27 May 2020 12:10 PM

Bolungarvík outlet merges into Ísafjörður branch

Landsbankinn’s outlet in Bolungarvík will merge into the Ísafjörður branch on 1 July.


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